USD/CAD Intraday Signal: Bearish Toward 1.3800
USD/CAD maintains a clear bearish structure after multiple downside breaks of structure and a decisive CHoCH that shifted momentum lower. Price is currently hovering near a weak low around 1.3810, with intraday equal highs forming a liquidity pocket—but still failing to reclaim bullish structure. As long as price remains below 1.3880, seller control remains intact.
The nearest demand lies between 1.3800–1.3760, and any failure at the current level increases the likelihood of continuation toward deeper demand at 1.3720–1.3700. Only a strong reclaim above 1.3880 would invalidate the bearish continuation and expose the upper supply zones at 1.3950 and 1.4000.
Trade Setup:
Enter: Short below 1.3880
Stop-Loss (SL): 1.3920
Target A: 1.3800
Target B: 1.3760